On November 28, 2024, Indian stock markets experienced a significant downturn, with the Sensex plummeting 1,190 points to 79,044 and the Nifty dropping 361 points to 23,914. The Nifty Bank fell 395 points, and the Midcap Index gained 28 points. This sell-off wiped out over ₹80,000 crore in market capitalization. Contributing factors included heavy selling by Foreign Institutional Investors (FIIs), who offloaded ₹11,756 crore worth of equities on the same day. However, markets rebounded on November 29, with the Sensex gaining 759.05 points to close at 79,802.79 and the Nifty rising 216.95 points to 24,131.10. The Nifty Bank closed at 52,055.60. FIIs continued selling on November 29, offloading ₹4,383.55 crore in shares, while Domestic Institutional Investors (DIIs) provided support by purchasing ₹5,723.34 crore worth of equities. The rebound was driven by improved investor sentiment and gains in sectors such as pharmaceuticals, autos, and oil & gas, although midcaps underperformed.